Texas Estates Code

§ 351.303 — TREATMENT OF CERTAIN AMOUNTS RECEIVED FROM MINERAL LEASE

ES § 351.303Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 351. POWERS AND DUTIES OF PERSONAL REPRESENTATIVES IN GENERAL · Art. G. PAYMENT OF INCOME OF CERTAIN ESTATES DURING ADMINISTRATION

Statute text

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For the purposes of this subchapter, bonuses, rentals, and royalties received for or from an oil, gas, or other mineral lease shall be treated as income rather than as principal.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.